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Reichhold: Price increase in Europe from April

Reichhold (Research Triangle Park, North Carolina / USA; www.reichhold.com) has announced a EUR 100/t price increase for all products sold in Europe, effective 1 April 2010. Alberto Piccinotti, commercial vice president of the companys composites business in Europe, the Middle East and Africa (EMEA), said the price hike was unavoidable because of higher raw material costs.

The tight supply of feedstocks, combined with strong demand in Asia, has led to a continuous upward trend of key polyester raw material prices, he stated.